Robert Half Inc. (NYSE:RHI) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in Robert Half Inc. (NYSE:RHI) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,191 shares of the business services provider’s stock after selling 274 shares during the quarter. NewEdge Advisors LLC’s holdings in Robert Half were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its position in Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after purchasing an additional 16,668 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after acquiring an additional 12,883 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after acquiring an additional 258 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in Robert Half by 46.3% in the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 4,299 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday. Barclays lowered their price target on Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a “buy” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $48.71.

Robert Half Trading Up 2.2 %

NYSE:RHI opened at $45.45 on Friday. The company has a 50-day moving average of $51.03 and a 200-day moving average of $62.96. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 18.63 and a beta of 1.06. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a $0.59 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.19%. Robert Half’s dividend payout ratio is currently 118.00%.

Robert Half Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.